Tripadvisor, Inc. (NASDAQ:TRIP) Receives Consensus Recommendation of “Reduce” from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has been assigned an average recommendation of “Reduce” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $20.67.

TRIP has been the topic of a number of recent research reports. B. Riley initiated coverage on Tripadvisor in a research note on Thursday, June 22nd. They issued a “buy” rating and a $25.00 target price on the stock. TheStreet downgraded Tripadvisor from a “c-” rating to a “d+” rating in a report on Tuesday, May 23rd. Citigroup lowered their price target on Tripadvisor from $21.00 to $18.00 in a report on Thursday, June 22nd. Jefferies Financial Group increased their target price on Tripadvisor from $14.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday, July 25th. Finally, DA Davidson lowered their target price on Tripadvisor from $28.00 to $25.00 in a report on Monday, May 22nd.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently bought and sold shares of TRIP. Vanguard Group Inc. grew its position in Tripadvisor by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,271,438 shares of the travel company’s stock worth $226,794,000 after purchasing an additional 563,983 shares in the last quarter. Select Equity Group L.P. grew its stake in Tripadvisor by 23.7% during the first quarter. Select Equity Group L.P. now owns 7,822,394 shares of the travel company’s stock worth $155,353,000 after buying an additional 1,498,893 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Tripadvisor by 42.0% during the second quarter. River Road Asset Management LLC now owns 4,184,030 shares of the travel company’s stock worth $68,995,000 after purchasing an additional 1,237,196 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Tripadvisor by 37.4% during the fourth quarter. Marshall Wace LLP now owns 3,949,031 shares of the travel company’s stock worth $71,004,000 after purchasing an additional 1,075,446 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Tripadvisor by 6.3% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,115,888 shares of the travel company’s stock worth $61,882,000 after purchasing an additional 184,713 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $15.98 on Monday. The business has a 50 day moving average of $16.33 and a 200 day moving average of $17.10. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -79.90 and a beta of 1.42. Tripadvisor has a 1-year low of $14.39 and a 1-year high of $27.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.73 and a quick ratio of 1.73.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, August 2nd. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $494.00 million during the quarter, compared to the consensus estimate of $474.01 million. Tripadvisor had a positive return on equity of 4.87% and a negative net margin of 1.61%. On average, sell-side analysts predict that Tripadvisor will post 0.42 earnings per share for the current fiscal year.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.